| #1 The annual taxes are $3,000. The assessed value is 55%. There is a 142% equalization factor. 40 mills are used to compute the value. What was the sales price? |
#1 Divide/divide/divide because you are given the annual taxes. $3,000 / .55 / 1.42 / .040 = ???? Check your answer at the bottom of the page.... |
| #2 The monthly taxes are $300. 33 mills are used. The equalization factor is 162% The assessed value is 52% What was the sales price? |
#2 Find the annual taxes first. Divide/divide/divide because you are given taxes. $3,600 / .033 / 1.62 / .52 = ?????? Check your answer at the bottom of the page.... |
| #3 Semi-annual taxes are $1,950. 26 mills are used. The equalization factor is 144% The assessed value is 42%. What was the sales price? |
#3 Find the annual taxes first. Divide/divide/divide because you are given taxes. $3,900 / .026 / 1.44 / .42 = $$$$$ Check your answer at the bottom of the page.... |
| #4 The sales price was $350,000 The assessed value is 45% The equalization factor is 105% 35 mills are used. What are the monthly taxes? |
#4 Multiply/multiply/multiply because you are given a sales price. $350,000 x .45 x 1.05 x .035 = ???????? To find monthly taxes, however, you must divide your annual taxes by 12 months. Check your answer at the bottom of the page.... |
| #5 The sales price was $140,000. The assessed value is 30%. The equalization factor is 1.27. 45 mills are used. What are the monthly taxes? |
#5 Multiply/multiply/multiply because you are given a sales price. $140,000 x .30 x 1.27 x .045 = ????????? Divide annual taxes by 12 to get monthly taxes. Check your answer at the bottom of the page.. |
| #6 The sales price was $140,000. The assessed value is 40%. The equalization factor is 1.25. 30 mills are used. What are the monthly taxes? |
#6 Multiply/multiply/multiply because you are given a sales price. $140,000 x .40 x 1.25 x .030 = ??????? Divide annual taxes by 12 to get monthly taxes. Check your answer at the bottom of the page.. |
| #7 Sales price was $300,000. The assessed value is 30%.. The equalization factor is 1.10. The tax rate is $4 per $100. What are the monthly taxes? |
#7 Multiply/multiply/multiply because you are given a sales price. $300,000 x .30 x 1.10 x .04 = ?????? Divide annual taxes by 12 to get monthly taxes. Check your answer at the bottom of the page. |
| #8 The sales price is $85,000. The assessed value is 40%. The equalization factor is 1.15. The tax rate is 15 mills. What are the semi-annual taxes. |
#8 Multiply/multiply/multiply because you are given a sales price. $85,000 x .40 .1.15 x .015 = $$$$$ Divide annual taxes by 2 to get semi-annual taxes. Check your answer at the bottom of the page. |
| #9 The annual taxes are $1,700. The tax rate is 25 mills The equalization factor is 1.25. The assessed value is 40%. What was the sales price? |
#9 Divide/divide/divide because you are given the annual taxes. $1,700 / .025 / 1.25 / .40 = ???? Check your answer at the bottom of the page.... |
| #10 Annual taxes are $1,475. The tax rate is $4.50 per $100. No equalization factor is used. The assessed value is 60%. What was the sales price? |
#10 Divide/divide/divide because you are given the annual taxes. $1,475 / .045 / .60 = ???? Check your answer at the bottom of the page.... |
| #11 The sales price was $300,000. The assessed value is 45%. The equalization factor is 145%. The tax rate is 20 mills. What are the monthly taxes? |
#11 Multiply/multiply/multiply because you are given a sales price. $300,000 x .45 .1.45 x .20 = $$$$$ Divide annual taxes by 12 to get monthly taxes. Check your answer at the bottom of the page. |
| #12 The sales price was $125,000. The assessed value is 45%. The equalization factor is 135%. The tax rate is $3.50 per $100. What are the monthly taxes? |
#12 Multiply/multiply/multiply because you are given a sales price. $125,000 x .45 .1.35 x .35 = $$$$$ Divide annual taxes by 12 to get monthly taxes. Check your answer at the bottom of the page. |
| #13 The annual taxes are $2,700. The tax rate is $3.50 per $100. The equalization factor is 1.25. The assessed value is 35%. What was the sales price? |
#14 Divide/divide/divide because you are given the annual taxes. $2,700 / .035 / 1.25 / .35 = ???? Check your answer at the bottom of the page.... |
| #14 The annual taxes are $3,500. The tax rate is $2.50 per $100. The equalization factor is 1.20. The assessed value is 25%. What was the sales price? |
Divide/divide/divide because you are given the annual taxes. $3,500 / .025 / 1.20 / .25 = ???? Check your answer at the bottom of the page.... |
| #15 The monthly taxes are $125. The tax rate is 30 mills. The equalization factor is 1.25. The assessed value is 40%. What was the sales price? |
#15 Find the annual taxes first. Divide/divide/divide because you are given the annual taxes. $1,500 / .030 / 1.25 / .40 = ???? Check your answer at the bottom of the page.... |
| #1 $96,030,73 |
#2 $129,500.11 |
#3 $248,015,85 |
#4 $482.34 per mo. |
#5 $200.03 per mo. |
| #6 $175 per mo. |
#7 $330 per mo. |
#8 $293.25 semi-annually |
#9 $136,000 |
#10 $54,629.63 |
| #11 $326.25 per mo. |
#12 $221.48 per mo. |
#13 $176,326.50 |
#14 $466,666 |
#15 $100,000 |